A total of ₦1.727 trillion, November 2024 Federation Accounts Revenue, has been shared between the Federal Government, States, and Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. This was disclosed in a statement signed by FAAC Director of Press and Public…
The Federal High Court in Abuja has granted bail to Yahaya Bello, the immediate past Governor of Kogi State, setting his bail at ₦500 million. Presiding over the hearing on Friday, December 13, Justice Emeka Nwite ordered Bello to provide two sureties, each guaranteeing the same amount. The sureties must swear to an affidavit of…
UN Educational, Scientific and Cultural Organisation says for the second consecutive year, conflict zones have proven dangerous for journalists and media workers, with 2024 seeing at least 68 deaths in the line of duty. More than 60 per cent of these killings occurred in countries experiencing conflict – the highest percentage in over a decade,…
President Bola Tinubu is scheduled to present the 2025 proposed budget to a joint session of the National Assembly on Tuesday, December 17, 2024. The announcement was made by Senate President Godswill Akpabio during a plenary session, revealing that the President has sent a communication to that effect. “The president has made his intention known…
The Lagos State Special Offences Court in Ikeja has set January 7, 2025, to decide on the objection raised by former Central Bank of Nigeria Governor, Godwin Emefiele, regarding the $4.5bn and N2.8bn fraud charges brought against him by the Economic and Financial Crimes Commission. Emefiele and his co-defendant, Henry Omoile, face 26 counts filed…
Access Bank Plc has entered into a binding agreement with South African-based Bidest Group Limited to acquire a 100 percent equity stake in Bidvest Bank. A statement released on Thursday by Olakunle Aderinokun, Head of Media Relations at Access Holdings Plc, highlighted that the agreement underscores the bank’s dedication to expanding its presence in South…
The Lagos State High Court in Ikeja has dismissed a ₦4.8 billion fraud charge filed by the Economic and Financial Crimes Commission (EFCC) against Chief Cletus Ibeto, Chairman of Ibeto Energy Development Company. Justice Oyindamola Ogala struck out the charge after counsel to the EFCC, Rotimi Jacobs (SAN), informed the court that Ibeto had refunded…
Morocco, alongside Spain and Portugal, will co-host the 2030 FIFA World Cup. This will mark the second time the men’s World Cup is held in Africa, following South Africa’s hosting in 2010. However, the tournament will kick off with the first three matches in Uruguay, Argentina, and Paraguay. This means teams will compete across different…
On Wednesday, Nigerians were plunged into darkness due to yet another collapse of the national power grid. In October alone, the grid experienced three collapses within a week, causing widespread blackouts and triggering reactions from the public. A tweet from Nigeria’s National Grid confirmed that the collapse occurred around 2:09 pm on Wednesday. This collapse…
The Bank of Industry (BOI) said it has disbursed N22.89 billion to 29 manufacturers under the Federal Government’s N75 billion Manufacturing Sector Intervention Fund. BOI Managing Director Olasupo Olusi announced during an interactive session with the Organised Private Sector in Abuja. He revealed that 20 more projects, worth N6.3 billion, are currently in different stages…
